Payday Loan News for 02/07/2007



Don't let payday loans become a financial trap - HeraldNet

Don't let payday loans become a financial trap
HeraldNet, WA - Feb 4, 2007
The growth of payday lending in this state has been phenomenal. Since the Legislature allowed certain businesses to offer short-term loans at high interest .
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Virginia Payday Loan Bill Withdrawn
Wares bill would have created a database to track payday loans, . EURWe would have had the strongest restrictions on payday loans of any state in the country,EUR . In 2005, 445000 customers took out more than 3.3 million payday loans, ...

Group protests car-title and payday loans (The Wichita Eagle)
Led by a Wichita community action group, more than 200 people protested payday and car-title loans Tuesday in a loud rally in the Capitol rotunda...

Problems People Face With Online Payday Loans
On the surface, in many instances, payday loans truly can seem like a . However, if you scratch even a little bit under the surface, you will find that there can be problems with payday loans in some instances and for some people. ...

'Payday Loans' Plague New Mexico's Working Poor - NPR

'Payday Loans' Plague New Mexico's Working Poor
NPR - Feb 5, 2007
by Eric Mack. Would you like to receive information from your local NPR member station? (see NPR's privacy policy). May we contact you with information .
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Payday Lending & the Military: Part 2 - Washington Post

Payday Lending & the Military: Part 2
Washington Post, DC - Feb 5, 2007
They are saying their products should not be lumped in with payday loans, yet at the same time, they want to be able to keep charging what in many states .
Advocates Urge Pentagon to Preserve Integrity of Military Lending Act Business Wire (press release)
all 2 news articles
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Business Spotlight: Caps for Payday Lenders? It Won't Happen in 2007 - Kitsap Sun (Subscription)

Business Spotlight: Caps for Payday Lenders? It Won't Happen in 2007
Kitsap Sun (Subscription), WA - Feb 5, 2007
Sherry Appletons efforts to cap interest rates on short-term small loans from payday lenders is probably finished. Rep. Steve Kirby, D-Tacoma, .
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Va. Payday Lending Reform Bill Withdrawn (AP via Yahoo! Finance)
The sponsor of a House of Delegates bill to reform the payday loan industry withdrew his bill Tuesday, three days after it was amended to drastically slash the interest rate lenders could charge...

State targets payday loans (Fairfax Times)
The Virginia Senate passed legislation on Thursday that proposes to limit the number of active "payday" loans that an individual can have out at one time. It also calls for a statewide database to track borrowers...

'Payday Loans' Plague New Mexico's Working Poor (NPR)
New Mexico's high poverty rate has created a climate for a practice that many question but the government does not yet regulate: loans made against paychecks. Legislators have failed in the past to control the loans, but they're trying again...

Payday loans not always the best idea for a quick cash fix - KHOU (subscription)

Payday loans not always the best idea for a quick cash fix
KHOU (subscription), TX - Feb 2, 2007
Its estimated that payday loans drain nearly $300 million in earnings from Texas workers each year, $4.2 billion nationwide. Its collected from those who .
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Payday bill withdrawn in House (Richmond Times-Dispatch)
The sponsor of a House of Delegates bill to reform the payday loan industry withdrew his bill today, leaving a Senate bill that reforms the practice as the only one that will be considered this year by the General Assembly...

New bill could let payday loan industry back in Georgia (WALB News 10)
Bainbridge-- In 2004 Governor Perdue signed a ground breaking law banning payday lenders from the state of Georgia. Representatives filed a new bill last week that is proposing the industry be let back into the state, but with stricter requirements...

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Legislator: Payday lenders likely to survive, but with more . - Arkansas News


Washington Post
Legislator: Payday lenders likely to survive, but with more .
Arkansas News, AR - 3 hours ago
Some lawmakers are looking at draft legislation that offers an alternative to House Bill 1036, which would cap interest rates for payday loans and make it a .
Payday-lending bill pulled Richmond Times Dispatch
Va. payday lending reform bill withdrawn BusinessWeek
Panel OKs red-light camera bill Daily Press
all 21 news articles
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Payday loans aren't all bad - Asbury Park Press

Payday loans aren't all bad
Asbury Park Press, NJ - Feb 4, 2007
The study didn't delve deeply into other unattractive alternatives, but you can make a case that payday loans aren't worse, and perhaps better, .
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Payday-lending bill pulled (Richmond Times-Dispatch)
Efforts by payday lenders to clean up their image could be dead for the year. Del. R. Lee Ware Jr., R-Powhatan, pulled his revised bill yesterday amid concerns from the high-interest, instant-loan industry that the amended bill might lead the industry to close its money stores...

EDITORIALS>>Can't kill off payday loans - Arkansas Leader

EDITORIALS>>Can't kill off payday loans
Arkansas Leader, AR - Feb 5, 2007
. to halt the depredations of the payday-lending industry, which typically charges poor people from 372 to 869 percent annualized interest on cash loans. .
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'Payday Loans' Plague New Mexico's Working Poor
. but the government does not yet regulate: loans made against paychecks. Legislators have failed in the past to control the loans, but they're trying again. Channel: Do No Evil Tags: predatory lending payday loans New Mexico poverty...

Nixon Files Lawsuit to Stop Independence Business from Continuing to Sell Loans Without a License (Kansas City InfoZine)
Attorney General Jay Nixon is taking action against an Independence payday loan business that offered unsecured loans to and collected fees from consumers without a license...

Payday lending bill struck (Roanoke Times)
RICHMOND -- Payday lenders dodged a bullet Tuesday when a lawmaker withdrew amended legislation that could have put the industry out of business in Virginia. Del. Lee Ware, R-Powhatan County, struck House Bill 2563, which had been designed to reform the state's 5-year-old payday lending law by imposing new restrictions on lenders. Ware objected to an amendment added Saturday that would cap ...

Texas Payday Loans? Know the Facts Before Applying
Its estimated that faxless payday loans drain nearly $300 million in earnings from Texas workers each year, $4.2 billion nationwide. Its collected from those who can least afford it - for the most part low-income, working class people ...

Legislator: Payday lenders likely to survive, but with more regulations (Arkansas News Bureau)
By Jason Wiest Arkansas News Bureau LITTLE ROCK - Market demand for short-term loans could be the saving grace for Arkansas' payday lenders, but the industry likely will not escape the legislative session without enduring tougher regulations, a legislator said Tuesday...

New bill could let payday loan industry back in Georgia - WALB-TV

New bill could let payday loan industry back in Georgia
WALB-TV, GA - 14 hours ago
Payday loans are short-term loans, under $3000 that are usually intended to bridge the cash flow for the borrower in between paychecks. .
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Group protests car-title and payday loans - Kansas.com

Group protests car-title and payday loans
Kansas.com, KS - 4 hours ago
TOPEKA - Led by a Wichita community action group, more than 200 people protested payday and car-title loans Tuesday in a loud rally in the Capitol rotunda. .
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Are you looking for unsecured payday loan with credit card
In your quest for payday loans you have an option to take into consideration unsecured loan or secured loan. . If you can see, the credit cards are better option than choosing payday loans to take care of incurred overdrafts...



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